In mixed economy company give preference to poor like socialism or rich like capitalism
Jashwanth S
CMA Inter
★ 2K+
26-May-20 13:09
383
Answers (2)
It combines both socialism and capitalism. It gives economic freedom to private sector but also protects public with intervention of government whenever requried
Sudha Reddy
CA Final
★ 20K+
28-May-20 08:19
Mixed economy is the combination of capitalist economy and socialist economy